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1. An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $52,000. You note that very similar cars are selling on the open market for $87,000. You don't care for classic cars and would rather buy a new Ford Explorer for $35,000. What is the net value of buying the Cadillac?

2. Why is the stock price of a company an indication of the performance of the company's senior managers?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91738217

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